Past Adjustments in Partnership Accounts | Class 12 Accounts CBSE | Accounting for Partnership Firms скачать в хорошем качестве

Past Adjustments in Partnership Accounts | Class 12 Accounts CBSE | Accounting for Partnership Firms

Welcome to Simplified Accounts Studio 🙌 In this Class 12 CBSE Accountancy lecture, we explain Past Adjustments in Partnership Firms in a clear, step-by-step manner. This topic is part of Accounting for Partnership Firms – Fundamentals and is very important for board exams and competitive exams. Practice Assignments: https://drive.google.com/file/d/1XiF-... 📌 What you will learn in this video: • Meaning and need of Past Adjustments • Situations where past adjustments arise • Adjustments relating to: o Interest on Capital o Interest on Drawings o Partner’s Salary o Change in Profit Sharing Ratio • Working notes and practical approach • Examination-oriented explanation with simple logic This video is designed especially for Class 12 CBSE students who want conceptual clarity and confidence in solving partnership adjustment questions. ________________________________________ 📚 Complete Syllabus Covered on This Channel – Partnership Firms (Class 12 CBSE) Our channel covers the entire CBSE Class 12 Accountancy syllabus related to Partnership Firms, including: 1️⃣ Accounting for Partnership Firms – Fundamentals • Partnership: Meaning and Features • Partnership Deed • Provisions of Indian Partnership Act, 1932 • Fixed and Fluctuating Capital Accounts • Profit and Loss Appropriation Account • Guarantee of Profit 2️⃣ Past Adjustments • Interest on Capital • Interest on Drawings • Partner’s Salary • Profit Sharing Ratio Adjustments 3️⃣ Goodwill: Nature and Valuation • Factors affecting goodwill • Average Profit Method • Super Profit Method • Capitalization Method 4️⃣ Reconstitution of Partnership • Change in Profit Sharing Ratio • Sacrificing and Gaining Ratio • Revaluation of Assets and Liabilities • Treatment of Reserves and Accumulated Profits 5️⃣ Admission of a Partner • Effect on Profit Sharing Ratio • Treatment of Goodwill (AS-26) • Revaluation and Capital Adjustment • Preparation of Balance Sheet 6️⃣ Retirement / Death of a Partner • Treatment of Goodwill • Revaluation of Assets and Liabilities • Adjustment of Capital Accounts • Deceased Partner’s Capital Account • Executor’s Account 7️⃣ Dissolution of Partnership Firm • Types of Dissolution • Realization Account • Capital Accounts of Partners • Cash/Bank Account • Settlement of Accounts ________________________________________ ▶️ Related Videos You Should Watch on This Channel • Interest on Capital – Class 12 Partnership Accounts • Interest on Drawings – CBSE Accountancy • Profit Sharing Ratio Problems • Goodwill Valuation Methods • Admission of a Partner – Full Chapter • Retirement and Death of a Partner • Dissolution of Partnership Firm 📌 Subscribe to Simplified Accounts Studio for complete Class 12 Accountancy coverage with easy explanations, exam tips, and solved examples. ________________________________________ #Hashtags (5 Only) #PastAdjustments #PartnershipAccounts #Class12Accountancy #CBSEAccounts #SimplifiedAccountsStudio